Mitsubishi snaps up 20% stake in Olam for $1.53b

A Japanese JV is in the works.

Agribusiness giant Olam will welcome a new major shareholder after inking a $1.53b deal with Japan’s Mitsubishi Corporation.

The deal is made up of two transactions. First, Olam will issue 332.73 million new shares to Mitsubishi at $2.75 per share, raising $915m in new capital and representing 12% of Olam’s enlarged share capital.

Separately, Mitsubishi will also snap up 222.0 million secondary shares from the Kewalram Chanrai Group for $615m, representing 8% of Olam's enlarged share capital.

Temasek will remain Olam’s majority shareholder with a controlling 51.4% stake after the issuance of the new shares.

Olam and Mitsubishi are also in talks to form a joint venture in Japan in to distribute specific products in the Japanese market.

The two companies will form a Partnership Committee to evaluate and develop future strategic collaboration opportunities in various Olam platforms, and Mitsubishi will nominate up to two members to the Olam Board.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia